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2022
Exports $166MWorld Rnk 26 / 208
Flag Rnk 74 / 1127
2022
Destination $6.13M Japan
2021 - 2022
FASTEST GROWING MARKET $6.13MGermany
2022
PRODUCT COMPLEXITY IN Video Recording Equipment0.68Rnk 285 / 1025
2022
Imports $160MWorld Rnk 39 / 221
Flag Rnk 182 / 1201
2022
Origin $22.2M China
2021 - 2022
FASTEST GROWING ORIGIN $22.2MChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $166M in Video Recording Equipment, making it the 26th largest exporter of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 74th most exported product in Philippines. The main destination of Video Recording Equipment exports from Philippines are: Japan ($65.7M), United States ($47.2M), Czechia ($17.2M), Germany ($14M), and Hong Kong ($6.01M).

The fastest growing export markets for Video Recording Equipment of Philippines between 2021 and 2022 were Germany ($6.13M), Hong Kong ($5.9M), and United States ($2.18M).

Imports In 2022, Philippines imported $160M in Video Recording Equipment, becoming the 39th largest importer of Video Recording Equipment in the world. At the same year, Video Recording Equipment was the 182nd most imported product in Philippines. Philippines imports Video Recording Equipment primarily from: China ($105M), Singapore ($10M), Japan ($9.25M), Hong Kong ($7.42M), and South Korea ($5.74M).

The fastest growing import markets in Video Recording Equipment for Philippines between 2021 and 2022 were China ($22.2M), Japan ($4.38M), and United States ($3.72M).

Latest Trends

June 2024

About

Overview In June 2024 Philippines' Video Recording Equipment exports accounted up to $1.17M and imports accounted up to $68.9k, resulting in a positive trade balance of $1.1M. Between June 2023 and June 2024 the exports of Philippines'   Video Recording Equipment have decreased by $-1.54M (-56.7%) from $2.71M to $1.17M, while imports decreased by $-1.1M (-94.1%) from $1.17M to $68.9k.

Destinations In June 2024, Video Recording Equipment were exported mostly to Japan ($1.09M), United States ($78.2k), and Singapore ($2.19k), and were imported mostly from Australia ($28k), Vietnam ($15.2k), United States ($10.3k), Singapore ($6.24k), and Hong Kong ($2.93k).

Growth In June 2024, the decrease in Video Recording Equipment's year-by-year exports was explained primarily by a decrease in exports to Japan ($-3.53M or -57.5%) and United States ($-1.79M or -94.2%). In June 2024, the decrease in Video Recording Equipment's year-by-year imports was explained primarily by a decrease in imports from United States ($-54.4k or -93.1%) and Singapore ($-1.1k or -36%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.54M(-56.7%)
IMPORT GROWTH (June 2023 - June 2024)$-1.1M(-94.1%)
MAIN DESTINATION (June 2024)Japan$1.09M

This section shows Video Recording Equipment's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Video Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$166M
IMPORTS (2022)$160M
NET TRADE (2022)$5.63M

In 2022, Philippines exported $166M in Video Recording Equipment. The main destinations of Philippines exports on Video Recording Equipment were Japan ($65.7M), United States ($47.2M), Czechia ($17.2M), Germany ($14M), and Hong Kong ($6.01M).

In 2022, Philippines imported $160M in Video Recording Equipment, mainly from China ($105M), Singapore ($10M), Japan ($9.25M), Hong Kong ($7.42M), and South Korea ($5.74M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Video Recording Equipment EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Germany$6.13M (77.5%)
Hong Kong$5.9M (5.34k%)
United States$2.18M (4.83%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Video Recording Equipment BY Philippines WERE (2021 - 2022):
Czechia-$1.67M (-8.87%)
India-$1.14M (-66.5%)
Netherlands-$1.13M (-29.9%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Video Recording Equipment were:
China $15.6B
Vietnam $5.46B
Germany $3.06B
In 2022, Philippines's main importing competitors in Video Recording Equipment were:
United States $9.89B
China $6.99B
Germany $2.74B

Explore Visualizations

Trade Value of Video Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.49M
TOP IMPORT POTENTIALChina+ $1.32M

Video Recording Equipment’s highest export potential is United States. With an export gap of $4.49M.   Video Recording Equipment’s highest import potential is China with an import gap of $1.32M.

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